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For Sale

Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront

521 - 523 North Riverfront Drive, Mankato, MN 56001

Strategically situated in the heart of Southern Minnesota’s growth corridor, this prime asset offers exceptional visibility and accessibility via regional thoroughfares. Located within the dynamic greater Mankato marketplace, the site benefits from a robust employment base, anchored by key institutions in healthcare, manufacturing, education and agribusiness. It is surrounded by a stable mix of office, industrial, retail and multi-family uses, reflecting strong demand fundamentals for repositioning or expansion. With infrastructure in place and proximity to major transit routes linking to the Twin Cities and the Iowa border, the location presents a compelling value-add opportunity for owners pursuing market entry or redevelopment strategies.Offered for sale through a leading regional advisor, this commercial offering presents an institutional-ready investment or owner-user acquisition. The asset enables capital-efficient entry into a high-growth region, with upside through operational enhancement, leasing convergence or repositioning. Whether structured as a value-add acquisition or a long-term hold, the property aligns with 1031 exchange criteria and offers flexibility for sale-leaseback, owner occupancy or redevelopment. Leveraging the full-service capabilities of a local brokerage and management platform, the transaction is supported by integrated advisory, market intelligence and asset management services—enabling investors to scale in Southern Minnesota with confidence. Ideal for institutional, private-equity or strategic investors seeking a core-plus, commercial real estate investment ready for turnkey execution.

Key features

  • 2 Commercial Spaces - Established Local Brands
  • 4 Residential Units (1:1)
  • Long-Term Stability + Excellent Rental History
  • Mixed-Use Investment
  • Professional Leasing/Management in Place for Passive Investment
  • Seller Financing Potential
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
David Schooff

NAI North Star

Building Details

  • For Sale $735,000
  • Property Type Retail - Street Retail
  • Property Size 6,952 SF
  • Units 6
  • Lot Size 0.16 Acre
  • Year Built 1896
  • Date Updated Apr 6, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Very Walkable (85)
  • Bike Score ®

    Very Bikeable (80)
Powered by Walk Score ®

Location

  • City Mankato, MN
  • Zip Code 56001
  • Map
  • Street

Points of Interest

Circle K

0.58 miles

Hy-Vee Gas

0.77 miles

Speedway

0.81 miles

Kwik Trip

1.16 miles

Casey's General Store

1.26 miles

Happy Dan's Gas Station

1.68 miles

Tesla Destination Charger

2.03 miles

Mankato Place Ramp

0.60 miles

Park

0.64 miles

Cherry Street Parking Ramp

0.66 miles

City Center Ramp

0.72 miles

Lot 17

1.41 miles

Lot 18

1.46 miles

Lot 14

1.48 miles

Lot 16

1.52 miles

Lot 15

1.53 miles

Cub Foods

1.22 miles

Madison East Center

1.33 miles

Belle Mar Center

1.45 miles

ALDI

1.82 miles

Raintree Mall

2.02 miles

River Hills Mall

2.19 miles

JCPenney

2.19 miles

River Place

2.22 miles

Target

2.34 miles

521 - 523 North Riverfront Drive Listing Summary

  • What is the asking price at Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront?

    Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront is currently listed for sale at Contact for pricing.

  • What is the total size of Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront?

    Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront has a total of 6,952 square feet.

  • What is the year built for Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront?

    The year built for Old Town Mankato Mixed-Use Investment - 512-523 North Riverfront is 1896.

Contact Listing Broker
broker
David Schooff

NAI North Star

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